Boeing reported third-quarter revenue of US$24.2 billion, primarily reflecting higher volumes in its defence and services businesses and a less favourable mix of commercial aircraft deliveries.
The US planemaker reported a GAAP loss per share of US$0.26 and a core loss per share, excluding certain items, of US$0.34. Operating cash flow was US$1.5 billion, while free cash flow stood at US$500 million. Total company backlog reached a record US$745 billion at the end of the quarter.
“Recent milestones, including certification of the 737-7 and 737-10 and selection to design and build the Navy’s sixth-generation fighter aircraft, are important steps as we continue building on our progress,” said Kelly Ortberg, Boeing’s President and Chief Executive.
“But we are not done. We remain focused on safety and quality as we redouble our efforts on lean and disciplined execution to deliver on our commitments and build the durable performance our stakeholders expect.”
Commercial Airplanes
Third-quarter revenue at Boeing’s Commercial Airplanes division was US$10.7 billion, with an operating margin of minus 6.5%. The results primarily reflected a less favourable delivery mix, higher projected costs associated with future production rate adjustments and higher estimated supply chain costs.
Operating margins in the third quarter of 2025 were affected by a charge on the 777X programme.
Defence, Space & Security
Revenue at the Defence, Space & Security division was US$7.9 billion, driven by higher volumes. The operating margin was 6.2%, primarily reflecting a US$252 million gain from the sale of HRL Laboratories and improved operational performance.
Global Services
Global Services reported third-quarter revenue of US$5.6 billion, driven by higher volumes. The division’s operating margin was 18.3%, reflecting a favourable volume and mix.
